MASTERINVEST Kapitalanlage GmbH purchased a new stake in Bloom Energy Corporation (NYSE:BE – Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,625 shares of the company’s stock, valued at approximately $491,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Anchor Investment Management LLC purchased a new position in shares of Bloom Energy in the 1st quarter worth approximately $27,000. Godsey & Gibb Inc. boosted its holdings in shares of Bloom Energy by 2,000.0% in the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the period. CENTRAL TRUST Co increased its position in shares of Bloom Energy by 10,000.0% during the 1st quarter. CENTRAL TRUST Co now owns 303 shares of the company’s stock valued at $41,000 after purchasing an additional 300 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.
Bloom Energy Stock Down 1.9%
Shares of NYSE:BE opened at $238.72 on Thursday. The business’s 50 day moving average is $280.39 and its 200 day moving average is $201.51. The stock has a market cap of $67.90 billion, a P/E ratio of -4,773.43 and a beta of 3.73. Bloom Energy Corporation has a 52-week low of $24.04 and a 52-week high of $351.28. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90.
Bloom Energy News Summary
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom Energy is being highlighted as a key beneficiary of the AI data center boom, with multiple articles pointing to rising electricity demand, grid constraints, and the need for alternative power solutions. Buy 3 High-Flying Alternative Energy Stocks to Tap AI Data Center Boom
- Positive Sentiment: Clear Street raised its price target on BE to $290 from $250, which can help support investor confidence even though the firm kept a Hold rating. Is Bloom Energy Corporation among the 8 Best Stocks to Buy Following Federal Reserve Pivot Expectations?
- Neutral Sentiment: The stock was also mentioned in a broader “best stocks” screen tied to potential Fed easing, with 91 hedge funds reported as holders, which may keep it on investors’ radar without changing the near-term thesis. Is Bloom Energy Corporation among the 8 Best Stocks to Buy Following Federal Reserve Pivot Expectations?
- Negative Sentiment: A Zacks note said BE fell despite the broader market moving higher, signaling some profit-taking after a strong run. Bloom Energy (BE) Stock Drops Despite Market Gains: Important Facts to Note
- Negative Sentiment: Bloom Energy was also hit by a short-seller report from Hunterbrook attacking its supply-chain claims, adding skepticism and pressure on the shares. Short seller Hunterbrook attacked Bloom Energy’s supply-chain claims. BE stock is bruised, but not broken.
- Negative Sentiment: Valuation concerns remain a headwind, with one recent piece arguing the stock may be trading above fair value after a large multi-year rally, which can make investors cautious. Bloom Energy (BE) Stock Could Be Below Fair Value After A 12x Run
Insider Activity
In other Bloom Energy news, insider Shawn Marie Soderberg sold 35,000 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the transaction, the insider directly owned 341,731 shares in the company, valued at $95,342,949. This represents a 9.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Maciej Kurzymski sold 6,229 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $293.36, for a total transaction of $1,827,339.44. Following the transaction, the chief accounting officer directly owned 81,945 shares in the company, valued at $24,039,385.20. This trade represents a 7.06% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 153,617 shares of company stock valued at $44,003,909. Company insiders own 3.00% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Bloom Energy from $322.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Citigroup reaffirmed a “neutral” rating on shares of Bloom Energy in a research note on Thursday, May 28th. Truist Financial initiated coverage on shares of Bloom Energy in a report on Monday. They set a “hold” rating and a $250.00 price target on the stock. Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Evercore reissued an “outperform” rating and issued a $350.00 price objective on shares of Bloom Energy in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $250.41.
Get Our Latest Research Report on Bloom Energy
Bloom Energy Company Profile
Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.
Founded in 2001 by Dr.
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